President Trump was expected to calm markets but he did exactly the opposite by introducing the 30 day travel ban from Europe. The move will multiply economic costs that were about to be significant anyway due to numerous restrictions. Markets are in a pure panic mode with OIL down 6% and indices down between 4 and 5%. DE30 was at 9600 points at one moment – the lowest level since 2016.

Daily Summary: Friday offers no relief; the US100 drops 2%🚨
Three Markets to Watch Next Week (October 16, 2026)
Market wrap: European indices rebound 🔼 Defence stocks on the rise
Daily summary 📈 Precious metals and stock indices rebound as Treasury yields fall